this post was submitted on 31 Oct 2023

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Billionaire Blackstone CEO Stephen Schwarzman, the biggest owner of commercial real estate says remote employees 'didn't work as hard' (fortune.com)

submitted 2 years ago by return2ozma@lemmy.world to c/news@lemmy.world

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[–] homesweethomeMrL@lemmy.world 19 points 2 years ago (3 children)

OR . . . OR they can convert them to luxury living spaces in the heart of the city for beaucoups de bux.

But fantastically stupid comments like the real estate magnate is making here in the article will be the kicking and screaming before that happens.

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[–] SirToxicAvenger@lemm.ee 8 points 2 years ago (1 child)

you're not wrong, they totally could - but not at a profit margin the board/stockholders will accept. really glad I dont have any investments in commercial real estate.

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[–] Maeve@kbin.social -1 points 2 years ago

What about defense, water, food, medicine?

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[–] Maeve@kbin.social 1 point 2 years ago

Fully automated luxury everyone space Communism sounds good.

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[–] DreddNYC@lemmy.world 1 point 2 years ago

Converting a commercial building to residential use isn’t that easy. For one the plumbing is very different for commercial use and not easily converted for residential. Either way this billionaire can get bent, remote work is better in every measurable way.

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